The Dutch subsidiary of Royal Dutch Shell said it had entered a bid in the Hollandse Kust Noord tender, together with a subsidiary of Japan’s Mitsubishi AMSTERDAM: Shell Netherlands said on Thursday it bid in a tender last week to build a 760 MW wind farm off the Dutch coast, and it hopes to couple […]

TOKYO: Japanese trading house Mitsubishi Corp (8058.T) and Chubu Electric Power (9502.T) said on Wednesday that they have completed a 4.1 billion euro ($4.5 billion) acquisition of Dutch energy firm Eneco on March 24. In November, the Japanese companies were selected as the preferred buyers in a bid for the Dutch company, beating rival […]

It’s not only the Outlander PHEV that Mitsubishi Motors Philippines Corporation (MMPC) plans to bring to the country soon. Apart from the plug-in hybrid that is set to arrive in late 2020, the automaker also plans to roll out a charging system, as well as their next-generation showrooms across some of their dealerships. As Mitsubishi deepens their […]

Offshore wind will be at the center of Mitsubishi’s growth plans in Europe as it leads an acquisition of Dutch utility Eneco. A group led by Mitsubishi beat out other bidders including Shell in reaching a €4.1 billion ($4.5 billion) deal to buy Dutch energy company Eneco, which the Japanese conglomerate intends to make the […]

BBOXX set to accelerate global expansion with $ 50 million series D funding round led by Mitsubishi Corporation BBOXX, a next generation utility, has successfully closed a $50 million Series D funding round. The financial milestone includes a substantial investment from Mitsubishi Corporation, a global integrated business enterprise headquartered in Japan, which led the round. […]

NEW YORK: General Electric Co won the most orders in the sharply contracting market for new gas-fired power plants in the first quarter, according to people familiar with the matter. But GE faces rising competition, complicating new Chief Executive Larry Culp’s efforts to turn around the company’s ailing power unit. GE booked six orders for […]